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Good Graph Friday: Minimum wage is worth less than in 1968

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Swede Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-20-10 03:53 PM
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Good Graph Friday: Minimum wage is worth less than in 1968
If you’re one of the several million Americans earning minimum wage, here's a sobering fact: Your grandpa had more spending power earning minimum wage four decades ago.

Adjusted for inflation, the minimum wage was worth $8.54 per hour in 1968, according to calculations by the Economic Policy Institute. The current minimum wage is $7.25 per hour.

http://lifeinc.todayshow.com/_news/2010/11/19/5495013-good-graph-friday-minimum-wage-is-worth-less-than-in-1968
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madrchsod Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-20-10 04:40 PM
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1. real wages have`t risen since the early 70`s
i was making the same wage in 74 as i was in 2004..
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lumpy Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-20-10 04:43 PM
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2. Amazing that the far right is always against raising the minimum
wage throughout the years. Of course they support corporations who want to pay the cheapest wages for necessary labor without any stops.
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freeplessinseattle Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Nov-21-10 01:25 AM
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4. like the scumbag who just ran against our longtime Senator
(and lost). When he ran against our Governor previously he campaigned with the fantastic idea to lower minimum wage-even though when asked he didn't know what the actual current wage was, just knew whatever it was it was too much for the peasants to be making.
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Scruffy1 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Nov-20-10 04:44 PM
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3. Ditto-
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